Optimal investment strategies in an international economy with stochastic interest rates

We investigate how investors should optimally choose to invest in a dynamically complete international market. We find closed-form solutions for the optimal investment strategy and for the wealth loss an investor suffers from not investing internationally. Theoretically, we show that the gain from international investment is due to the speculative investment only, and why it is important for an investor from a large economy to invest in a small economy. In a numerical example we compare the wealth losses investors from Denmark and the U.S. suffer due to home bias.     

Usage of the concept of culture and heritage in the United Arab Emirates – an analysis of Sharjah heritage area

Under the forces of an oil-based economy and the fast paced change, nationals in the United Arab Emirates (UAE) and other Gulf states are becoming very keen to preserve, represent and invent a distinct ‘national’ culture and heritage. Fears of ‘loss’ of identity and concerns about ‘global’ culture are powerful social forces. Heritage revival has become a significant social, cultural and political process in the UAE, the most public sign of this being the development of ‘Heritage Villages’. This analysis explores themes of heritage revival and the preservation, representation and construction of culture in the UAE with specific analysis of the Sharjah Heritage Area (SHA). It will be shown that heritage revival in the UAE is both a symbolic and practical negation of globalization. Heritage revival is also increasingly an affirmation of the fast paced development of international business and tourism in the Emirates which is the focus of economic diversification. SHA will first be examined as a museum exhibitionary complex combining museum, festival and shopping. The representation, performance, negotiation and interplay of local/global and old/new culture at the SHA will be outlined in the context of transnationalism and the oil-propelled modernization.     

Minimum Wage Compliance and the Labor Demand Curve

Contrary to the traditional analysis of the employment effects of the minimum wage setting, the author shows that if compliance is contingent upon enforcement, complying with the minimum wage law involves a leftward shift of the labor demand curve rather than an upward movement along the curve. Furthermore, the labor demand curve will shift leftward with enforcement even if enforcement is insufficient to ensure compliance, becoming vertical when the options of compliance and noncompliance are equally attractive. Hence, it is not paying the statutory minimum wage that brings about a reduction in employment down to the full-compliance level but enforcement that, if sufficiently high, induces that same reduction in employment, even if the employer is still noncomplying with the minimum wage law.     

国际工程建设中的项目控制评审

讨论了在工程建设中实施项目控制评审的目的、方法和意义,将项目控制评审的理念引入工程建设项目管理中,通过对项目计划和执行过程的评审来保证项目实施过程的效率、效果和最终项目目标的实现,提高项目管控水平。     

驻厂监造工作中的质量管理

运用全面质量管理的方法,通过对驻厂监造人员、设备、计划、实施细则、记录、报告、档案和HSE管理等几个方面的分析,认为驻厂监造工作必须严格按照全面质量管理,才能不断提高驻厂监造工作质量和水平,并提出了一些合理化的建议。     

基于B/S的物流信息系统设计与实现

近年来,随着网络技术不断发展,尤其是基于Web的信息发布和检索技术、Java计算技术以及网络分布式对象技术的飞速发展,导致了很多应用系统的体系结构从C/S结构向更加灵活的B/S多级分布结构演变,使得软件系统的网络体系结构跨入一个新阶段.本文系统地分析了B/S结构的特点和现状,将其应用到物流信息系统的开发中,并客观地对应用B/S结构的物流信息系统的前景和优势进行了阐述.     

Managerial Problem-Solving Styles: A Cross-Cultural Study

ABSTRACT

The literature suggests that North American business-people differ from their Latin American counterparts with respect to specific behavioral traits. Our particular interest is in problem solving and in effecting changes in behavior to achieve better problem-solving capability. The purpose of the present study is to assess whether there are differences in problem-solving styles between two culturally different groups of managers registered in MBA Programs: Anglo American and Latin American. Using Kolb's (1984 2006) Learning Style Inventory, it was found that Anglo American managers tended to be relatively action-oriented, “Convergers” (they emphasize decision-making and use deductive reasoning), while Latin American managers tended to be reflection-oriented, “Assimilators” (they emphasize planning and like to create models in their analyses) in their problem-solving styles. The positive and negative aspects of each style are discussed and suggestions for improved decision-making are offered.

RESUMEN. La literatura sugiere que los empresarios norteamericanos difieren de sus contrapartes latinoamericanos, en lo que atañe a ciertos trazos comportamentales específicos. Nuestro interés particular se orienta a la solución de problemas e implementación de cambios comportamentales, con el propósito de adquirir habilidades específicas para la solución de problemas. El propósito de este estudio es evaluar si existen diferencias entre los estilos empleados para solucionar problemas entre diferentes grupos culturales de gerentes matriculados en Programas MBA angloamericanos y latinoamericanos. Usando el sistema de estilos de Kolb (1984 2006) denominado Learning Style Inventory, descubrimos que los gerentes angloamericanos tienden a orientarse con bastante frecuencia en la acción, los llamados ‘Convergentes’ (que hacen hincapié en la toma de decisiones y el uso del razonamiento deductivo), mientras que los gerentes latinoamericanos tienden a volcarse a la reflexión, los llamados ‘Asimiladores’ (que hacen hincapié enplanear y les gusta crear modelos en sus análisis), como característica de sus estilos para solucionar problemas. Discutimos los aspectos positivo y negativo de cada estilo, y hacemos sugerencias para mejorar la toma de decisión.

RESUMO. A literatura sugere que os homens de negócios norte-americanos diferem de seus colegas latino-americanos em traços comportamentais específicos. Nosso interesse particular recai sobre a resolução de problemas e a introdução de mudanças de comportamento para obter uma melhor capacidade de resolução de problemas. O objetivo deste estudo é avaliar se existem diferenças nos estilos de resolução de problemas de dois grupos culturalmente diferentes de gerentes matriculados em cursos de MBA: anglo-americanos e latino-americanos. Utilizando o inventário LSI (learning style inventory) de Kolb (1984 2006), constatou-se que os gerentes anglo-americanos tendiam a ser relativamente orientados para a ação, “convergentes” (eles enfatizam a tomada de decisões e o raciocínio dedutivo), enquanto os gerentes latinoamericanos tendiam a ser orientados para a reflexão, “assimiladores” (eles enfatizam o planejamento e gostam de criar modelos em suas análises) em seus estilos de resolução de problemas. Os aspectos positivos e negativos de cada estilo são discutidos, e sugestões para melhorar a tomada de decisões são oferecidas.     

CAD/PDM系统中数据双向传递关键技术研究

本文针对CAD/PDM中数据传递关键技术进行研究,提出一种数据属性双向映射机制,实现了PDM系统数据与CAD系统数据的双向交换,为PDM系统和CAD系统之间实现无缝集成提供了一种新的方法,提高了PDM实施的工作效率。     

P-CMM IT企业的人力资源战略指南

软件的质量必须关注技术、过程和人员三者的结合。对软件组织人员能力的研究是IT企业人力资源战略管理的重要内容。人员能力成熟度模型P-CMM正是关注IT企业人员能力改进的模型。对P-CMM模型及其对我国IT企业的意义进行了详细介绍和分析。     

基于 TCP/IP 的远程数字监控系统

根据美国国家经济研究局（NBER）的最新宣布,美国经济自2001年3月已经进入衰退。本文认为,美国此次衰退是难以避免的,这是经济周期的必然规律,由于此前虚拟经济与实体经济的发展脱离,形成泡沫,那些过剩的资本终究会退出,于是造成人们心理预期的过度反应,消费和投资需求出现大幅萎缩,而恐怖袭击事件则加速了衰退的进程。对中国而言,美国衰退的影响是利弊兼有,主要表现在出口、引资、经济格局等方面。